CMCA EXAM 2024 REAL EXAM QUESTIONS AND
CORRECT ANSWERS(VERIFIED ANSWERS)|A
GRADE
Quorum Requirements Conflicts Are Resolved By:
State statute.
Fidelity Insurance Provides Coverage To Ensure That:
The association will recover any funds lost through employee dishonesty.
Which Type of Management Is the Process of Operating, Maintaining, Repairing,
and Replacing Common Property?
Facilities
The Higher a Document's Place in the Hierarchy, the:
Greater its legal weight in a court of law.
Based on Which Type of Requirements Would You Choose a Contractor Over the
Association to Complete Work?
Requires supervision, expertise required and low urgency
Who Is Required to Be Present for an Annual Association Membership Meeting to
Conduct Business?
A quorum of the members
What Would a Condominium Unit Member's Personal Insurance Policy Cover
When It Is the Primary Insurance Policy?
Bodily injury due to a slip and fall within a member's unit.
Community Association Governing Documents and State Statutes May Require
Who to Be Involved in Preparing Annual Reports?
A CPA
What Is a Typical Management Control Used to Identify Physical Assets?
Inventory
When a Contractor Fails to Perform to the Terms of the Contract, Which Provision
in the Contract Allows the Association to Terminate?
Default provisions
Where can an individual find the owner and association's maintenance
responsibilities?
The declaration
At the monthly board meeting, it is the role of the manager to do all of the
following except:
Call for a vote on an issue.
All of the following are goals of maintenance in a community association except:
Increasing the association's profits.
The use of parliamentary procedure during meetings helps to ensure that:
The board considers one item of business at a time.
GAAP requires statements of ___________ for year-end reports for a community
association.
Cash flows
When developing a rule, the rule must be capable of:
CORRECT ANSWERS(VERIFIED ANSWERS)|A
GRADE
Quorum Requirements Conflicts Are Resolved By:
State statute.
Fidelity Insurance Provides Coverage To Ensure That:
The association will recover any funds lost through employee dishonesty.
Which Type of Management Is the Process of Operating, Maintaining, Repairing,
and Replacing Common Property?
Facilities
The Higher a Document's Place in the Hierarchy, the:
Greater its legal weight in a court of law.
Based on Which Type of Requirements Would You Choose a Contractor Over the
Association to Complete Work?
Requires supervision, expertise required and low urgency
Who Is Required to Be Present for an Annual Association Membership Meeting to
Conduct Business?
A quorum of the members
What Would a Condominium Unit Member's Personal Insurance Policy Cover
When It Is the Primary Insurance Policy?
Bodily injury due to a slip and fall within a member's unit.
Community Association Governing Documents and State Statutes May Require
Who to Be Involved in Preparing Annual Reports?
A CPA
What Is a Typical Management Control Used to Identify Physical Assets?
Inventory
When a Contractor Fails to Perform to the Terms of the Contract, Which Provision
in the Contract Allows the Association to Terminate?
Default provisions
Where can an individual find the owner and association's maintenance
responsibilities?
The declaration
At the monthly board meeting, it is the role of the manager to do all of the
following except:
Call for a vote on an issue.
All of the following are goals of maintenance in a community association except:
Increasing the association's profits.
The use of parliamentary procedure during meetings helps to ensure that:
The board considers one item of business at a time.
GAAP requires statements of ___________ for year-end reports for a community
association.
Cash flows
When developing a rule, the rule must be capable of:
